Joseph D. Spain
On May 6, 2025, Intellinetics, Inc. (the “Company”) appointed Chief Financial Officer Joseph D. Spain to assume the title and additional responsibilities of Chief Operating Officer.
Highest-materiality recent filing
Total revenue $3.9M, down 8% YoY; SaaS revenue flat at $1.5M (+0.1%).
Intellinetics FY2025 net loss widens to $1.87M; SaaS revenue up 11.3% but total revenue down 8%
Net loss of $1,872,895 ($0.44/share) vs $546,215 ($0.13/share) in FY2024; Q4 net loss of $207,975.
Intellinetics appoints Alison Forsythe as CEO, secures $1M JPMorgan line of credit
Alison Forsythe appointed President and CEO effective Feb 17, 2026; previously CEO of Humanyze.
Intellinetics CEO James DeSocio to retire effective Feb 27, 2026; succession plan underway
CEO James DeSocio resigns as President, CEO, and Director effective Feb 27, 2026; Board reduced to 5 from 6.
Intellinetics Q3 revenue down 12.8% YoY; SaaS revenue up 14.6%
Q3 revenue $4.0M (-12.8% YoY); net loss $369,765 ($0.08 loss per share) vs $392,850 loss last year.
Net loss $567,590 ($0.13 per share) vs net income $75K ($0.02) in Q2 2024.
Intellinetics prepays $1.37M notes, expects debt-free balance sheet by June 30
Prepaid $1,373,740 ($1,339,500 principal + $34,240 interest) on notes due Dec 2025 without penalty.
Intellinetics awarded $42.75M five-year contract with State of Michigan
Contract runs June 1, 2025 to May 30, 2030, with optional 5-year extension.
Intellinetics Q1 net loss widens to $0.17/share; SaaS revenue up 9.8%
Net loss of $727,565 ($0.17 per share) vs $174,714 ($0.04) in Q1 2024; operating loss widened to $684,559.
Intellinetics FY2024 revenue up 7% to $18.0M; net loss $546K vs prior year net income
Full-year revenue $18.02M (+6.7% YoY); SaaS revenue $5.69M (+10.8%).
Intellinetics Q3 2024 revenue up 8% to $4.59M; net loss of $0.09/share vs prior year profit of $0.05
Total revenue $4.59M (+8% YoY); SaaS revenue $1.40M (+8.5%); professional services $2.60M (+11.5%).
Intellinetics Q2 revenue up 9% to $4.64M; net income falls to $0.02 EPS; lowers EBITDA guidance
Total revenue $4,641,593 (+9.0% YoY); SaaS +9.6%, professional services +15.8%.
Total revenue $4.507M, up 7.7% YoY, fully organic; SaaS revenue up 13.5% to $1.405M.
Full-year revenue $16.9M (+20.5% YoY); SaaS revenue $5.1M (+27.8%).
Intellinetics appoints Michael Taglich to board; Taglich holds ~18% stake
Michael Taglich appointed to Board effective Oct 27, 2023, filling a vacancy from May 2023.
Intellinetics Q2 revenue up 25% YoY to $4.26M; net income $0.03 EPS vs ($0.09)
Q2 revenue $4.26M, up 24.7% fully organic; SaaS revenue rose 10.3%.
Intellinetics Q1 revenue up 55% YoY to $4.19M; net income positive, SaaS revenue doubles
Total revenue $4,186,833, up 55% from $2,703,512 in Q1 2022.
Intellinetics reports 2022 revenue up 22%, SaaS revenue up 179% to $4.0M
Full-year total revenue $14.02M (up 22% YoY); SaaS revenue $4.02M (179% YoY).
Intellinetics prepays $1M of 12% notes, offers holders maturity extension to Aug 2023
Prepaid $1,000,000 (50% of outstanding principal) on its 12% subordinated promissory notes on Dec 1, 2022.
Intellinetics Q3 revenue +22% to $3.9M; SaaS revenue +244%; Adj. EBITDA +48% to $799K
Total revenue $3.9M, up 22% YoY; SaaS revenue surged 244% from acquisition and organic growth.
Intellinetics Q2 revenue up 17% to $3.42M; net loss $374K on acquisition costs
Total revenue $3.42M (+17% YoY); SaaS revenue surged 208% YoY, led by Yellow Folder acquisition.
Intellinetics Q1 net loss $20K; SaaS revenue up 33%; Adj EBITDA up 18%
Total revenue $2.70M (+3% YoY); SaaS revenue $1.16M (+33% YoY).
Intellinetics acquires Yellow Folder for $6.5M, financed via equity and 12% notes
Acquired substantially all assets of Yellow Folder (K-12 document management) on April 1, 2022 for ~$6.5M cash, subject to working capital adjustment.
Intellinetics reports record SaaS revenue, net income of $1.36M for FY2021, vs loss in 2020
Total revenue $11.46M (+39% YoY); SaaS revenue up 37% YoY.
On May 6, 2025, Intellinetics, Inc. (the “Company”) appointed Chief Financial Officer Joseph D. Spain to assume the title and additional responsibilities of Chief Operating Officer.
On February 18, 2025, Roger “Ari” Kahn notified Intellinetics, Inc., a Nevada corporation (the “Company”), of his resignation from the board of directors of the Company (the “Board”), with immediate effect.
William Cooke will retire and not stand for reelection as a director of the Company at the 2024 Annual Stockholder Meeting.
The Board has appointed Michael Taglich as an interim Chairman.
the Board of Directors (the “Board”) of Intellinetics, Inc. (the “Company”) appointed Michael Taglich to serve as a director of Intellinetics, Inc.
Rye D'Orazio will not stand for reelection as a director of the Company at the 2023 Annual Stockholder Meeting.
Matthew L. Chretien will not stand for reelection as a director of the Company at the 2023 Annual Stockholder Meeting.
On January 16, 2023, Sophie Pibouin notified Intellinetics, Inc., a Nevada corporation (the “Company”), of her resignation from the board of directors of the Company (the “Board”) with an effective date as yet to be determined.
On November 10, 2022, the stockholders of Intellinetics, Inc., a Nevada corporation (the “Company”) elected John Guttilla, 66, as an additional Director
On October 1, 2021, the Board of Directors (the “Board”) of Intellinetics, Inc. (the “Company”) elected William Cooke, age 60, as an additional Director, and appointed Mr. Cooke as Chair of the Board, Chair of the Audit Committee of the Board, and a member of the Compensation Committee of the Board.
Max materiality 0.75 · Median 0.53 · Most common event earnings